Sorry Zen was being lazy.
OK debt profile (as at march)
Facility 1 - Interest rate 8.613%
80mil RMB , Drawn Down 77mil RMB (31 March). Repayment 5 Yrs from 1 July 2007
HOWEVER 15Mil RMB due prior to June 30 2008.
Facility 2 - Interest rate USD Prime + 0.25%
$1mil revolving line of credit, Fully drawn (31 march)
Facility 3 - Interest rate 5.994%
$8.894mil RMB, drawn down 5.994mil RMB. Repayment Dec 2008
Facility 4 - 6.24%
$223k AU (mac bank), no specific date for repayment
Debt assumed thorugh acq of Novalux
Facility 1 - 10%
$9mil USD, fully drawn, Matures Jan 12, interest only for 12 months. principle of $250k per annum from Feb 09
Facility 2 - 18.86
$1.73mil USD, fully drawn, matures August 2010
Currently as per google search
1 Chinese yuan = 0.143421 U.S. dollars
Ok so by my reckoning near term debt totals some $2.15 mil USD excluding Mac Bank (may want their coin may not). However depending on the wording of the finance doc the $2.15 may be $1.72mil USD. (have only drawn down to 77mil RMB rather than 80mil)
December sees another $859k US due
So in the scheme of things the company has more than enough money when cash on hand at the end of the quarter was $4mil AUD and Simon Cao has pledged up to $14mil AUD to cover AR positions at time of ann meeting.
- Forums
- ASX - By Stock
- hoping the bottom is in
hoping the bottom is in, page-21
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)